23 Hrs
Source:
The Guardian
Bank of England warns of AI risks to finance
The Bank of England governor, Andrew Bailey, warned that advanced AI models pose risks to the global financial system, including cyber-disruptions and increased market vulnerabilities. In a letter to G20 finance officials, he emphasized the need for international cooperation to manage AI development and deployment responsibly. Bailey expressed concern over high valuations, leverage, and the potential for AI-driven shocks to trigger financial instability.
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